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News  ›  GlobeNewswire Inc.

CPNG INVESTOR ALERT: Coupang (CPNG) Hit With Securities Class Action Amid Massive Data Breach, Questions About Timely Disclosure, Executive Departure – Hagens Berman

GlobeNewswire Inc. Logo GlobeNewswire Inc. • •By Hagens Berman
CPNG INVESTOR ALERT: Coupang (CPNG) Hit With Securities Class Action Amid Massive Data Breach, Questions About Timely Disclosure, Executive Departure – Hagens Berman

Coupang faces a securities class action lawsuit for allegedly failing to timely disclose a massive data breach affecting 33.7 million customers. The breach, discovered on November 18, 2025, was attributed to a former employee who retained access credentials after leaving in 2024. The company did not file an 8-K disclosure until December 16, 2025, raising questions about compliance with SEC disclosure requirements. The incident has resulted in over $8 billion in market capitalization loss and the resignation of the CEO of Coupang's South Korean e-commerce unit.

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ORCL   neutral

Mentioned as having significant AI-related contracted demand ($455 billion), but no specific performance details provided

CPNG   negative

Coupang faces significant legal and regulatory challenges following a massive data breach affecting 33.7 million customers, alleged delayed SEC disclosure, executive departure, government investigations, and over $8 billion in market capitalization loss. The company is accused of misrepresenting cybersecurity protocols and failing to timely inform investors of material incidents.

Keywords
#data breach #securities class action #disclosure delay #cybersecurity incident #SEC violation #customer data #executive resignation #market capitalization loss

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CPNG
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